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Geppy's Geppy Thread (GBP/JPY)

  • #10,501
  • Jan 30, 2014 3:59am Jan 30, 2014 3:59am
Its the sale of the CENTURY. We need 168.2 to break now
  • #10,502
  • Jan 30, 2014 4:09am Jan 30, 2014 4:09am
I can't believe you guys. Hoıw do you expect it to rise. I am waiting to buy just below 167. It will definitly drop there before reaching 180. When it is between 166,5-167, buy it whitout thinking...
  • #10,503
  • Jan 30, 2014 4:14am Jan 30, 2014 4:14am
Quoting FX-Ray
{quote} Back. Hope you didnt buy it. Thats what I was talking about. First target filled @ 169.70, still sitting on some lots @ 171.40, next target @ initial long @ 168.20
Short closed @ 168.20, am flat. Done with G/J so far. +640
  • #10,504
  • Jan 30, 2014 4:26am Jan 30, 2014 4:26am
Awesome. GJ can be the best to the wise but robs the foolish. I use % although I would like to count pips. From January 3rd I've added 307% to my account balance. Most of it was not me but by the grace of God. This pair can be brutal.
Be humble or be humbled.
  • #10,505
  • Jan 30, 2014 6:30am Jan 30, 2014 6:30am
Quoting delpiero
I can't believe you guys. Hoıw do you expect it to rise. I am waiting to buy just below 167. It will definitly drop there before reaching 180. When it is between 166,5-167, buy it whitout thinking...
100%
  • #10,506
  • Jan 30, 2014 6:36am Jan 30, 2014 6:36am
LOL, this one is hard to figure out yes. It's going to completely ballistic with the U.S. data coming out in a few.
Be humble or be humbled.
  • #10,507
  • Jan 30, 2014 8:05am Jan 30, 2014 8:05am
Quoting FX-Ray
{quote} Short closed @ 168.20, am flat. Done with G/J so far. +640
Seems I closed it right in time, I could have gone long again
  • #10,508
  • Jan 30, 2014 8:10am Jan 30, 2014 8:10am
Quoting FX-Ray
{quote} Seems I closed it right in time, I could have gone long again
We are @ Decision Point/Pivot again @ 169.80/60

Place your bets ladys and gents
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  • #10,509
  • Edited 9:07am Jan 30, 2014 8:21am | Edited 9:07am
Quoting FX-Ray
{quote} We are @ Decision Point/Pivot again @ 169.80/60 Place your bets ladys and gents {image}
Will the sequence repeat?
(Reference Post: http://www.forexfactory.com/showthre...28#post7245128)

If yes its going up and test the level from above, if not its going down any may break/test the weekly low.
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  • #10,510
  • Jan 30, 2014 8:22am Jan 30, 2014 8:22am
Hello FX Ray,

You seem to have a crystal ball. May I ask what strategy do you follow. I have been trading for three years and in the last 6 months I have improved ( not losing money ) but moving ahead is still a challenge.
  • #10,511
  • Jan 30, 2014 8:23am Jan 30, 2014 8:23am
Quoting Rafiki
Hello FX Ray, You seem to have a crystal ball. May I ask what strategy do you follow. I have been trading for three years and in the last 6 months I have improved ( not losing money ) but moving ahead is still a challenge.
Moving ahead will always be a challenge, it will never stop.
  • #10,512
  • Jan 30, 2014 8:28am Jan 30, 2014 8:28am
Quoting FX-Ray
{quote} Will the sequence repeat? (Reference Post: http://www.forexfactory.com/showthre...28#post7245128) If yes its going up, if not its going down. {image}
Looking at cable as a cross reference, i see it taking out the low.
  • #10,513
  • Jan 30, 2014 8:31am Jan 30, 2014 8:31am
Quoting edindzeko
{quote} Looking at cable as a cross reference, i see it taking out the low.

Honestly didnt pay attention to Cable, why paying attention to the sheep while the dragon scorch?
  • #10,514
  • Jan 30, 2014 8:32am Jan 30, 2014 8:32am
Quoting FX-Ray
{quote} Honestly didnt pay attention to Cable, why paying attention to the sheep while the dragon scorch?
Touche, either way you have it right though. we are at a crossroads
  • #10,515
  • Jan 30, 2014 9:11am Jan 30, 2014 9:11am
Quoting edindzeko
{quote} Touche, either way you have it right though. we are at a crossroads
Arent we anytime?
I wont play any position this week anymore im done. Closed E/U positions aswell (Hint: 1,3680/70, scalped the shit out of it to the downside.)

Summary: 840Pips/Week.

Wish everyone a nice weekend. Im out.

Inserted Video
  • #10,516
  • Jan 30, 2014 12:02pm Jan 30, 2014 12:02pm
Quoting FX-Ray
{quote} Arent we anytime? I wont play any position this week anymore im done. Closed E/U positions aswell (Hint: 1,3680/70, scalped the shit out of it to the downside.) Summary: 840Pips/Week. Wish everyone a nice weekend. Im out. http://www.youtube.com/watch?v=FhzNSPiqO0M
Impressive.
  • #10,517
  • Jan 30, 2014 12:39pm Jan 30, 2014 12:39pm
Quoting FX-Ray
{quote} Arent we anytime? I wont play any position this week anymore im done. Closed E/U positions aswell (Hint: 1,3680/70, scalped the shit out of it to the downside.) Summary: 840Pips/Week. Wish everyone a nice weekend. Im out. http://www.youtube.com/watch?v=FhzNSPiqO0M
Thanks for posting man. We all need more of this.
Fix up, trade sharp ...
  • #10,518
  • Jan 30, 2014 9:06pm Jan 30, 2014 9:06pm
I would like to keep going here even though FX-Ray took all the money and left. A bunch of Japanese data tonight but I guess what stands out is CPI is rising. I'm seeing 3 rejections of the 200 SMA on the M30 chart but London could give it another go and succeed. It's possible but that's not what has happened so far. Please let me know what you think.
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Be humble or be humbled.
  • #10,519
  • Edited 10:03pm Jan 30, 2014 9:48pm | Edited 10:03pm
Slowly, painfully it's rejecting down. Any break under 168.6 and or 168.2 may be gradual and only going to 167.3/4 in a bounce or test/retest thing .. or it might be extremely aggressive.

One little thing is that 168.2 ish is the fib 23 retracement of the move 147.5 to 174.8. If it can finally release from the 23, it may move quickly past 167 to the next major fib support level (38.2) at 164.5.

GU looks ready to drop and UJ appears to have been in a small continuation pattern.

Essentially, does it remain in a correction bounded roughly with a 168/167 x bottom, or is this the precursor to something bigger?
  • #10,520
  • Jan 30, 2014 10:26pm Jan 30, 2014 10:26pm
Hey MPT. The pace at which the downside legs have sold off lately is familiar to me. It has the feel of an outright flight to safety. The Japanese CPI numbers mean that the mission is almost accomplished here. Japan for the first time in a many years is out of this deflationary environment.

The talk of new measures in April is completely gone now. The emerging markets have been changing, the language from the BOJ has also had a different tune. The Nikkei once again has sold off and 168 has been revealed........again. The BOE is in no rush to raise any rates. It's all kind of converging into a big correction scenario. My vote is that even if we are not in bear market territory and the market does not roll over then this is a big retrace on a larger TF and more will be needed before we go back up. 167, 166 at least.

The effects of the new corporate taxes are not yet known and so until then no new stimulus from the BOJ. This market is a sell. Every pop is a sell until then.
Be humble or be humbled.
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